Receiving TON from a swap: wallets, comments and what to check
For many people, Toncoin lives inside Telegram. Here is what to know before you receive TON from a swap.
TON is the blockchain closely tied to Telegram, and for many people it is their first cryptocurrency. It is fast and cheap, which makes it a good coin for swapping in and out. A few details are worth knowing first.
Self custody or a wallet inside an app
There are two kinds of TON wallets. Self custody wallets, like Tonkeeper or MyTonWallet, give you your own seed phrase and your own address. Custodial wallets inside apps hold the coins for you, and deposits may be handled with a shared address and a comment.
For swapping, a self custody wallet is the simplest. The address is yours and you do not need a comment.
When you need a comment
If you receive at an exchange or in a wallet inside an app, check its deposit screen. If it shows a comment or memo, you have to include it. On Swapea, put it in the memo field below the receiving address. More details in memo and destination tag.
Address formats
TON addresses come in several formats. You may see addresses starting with UQ or with EQ. They are the same account with different encodings. Today most wallets show the UQ form for receiving, and either one works as a destination.
Sending TON to a swap
Keep a little TON for network fees. Send the exact amount to the deposit address shown on your swap page. TON confirms in seconds, so these swaps are among the fastest. Visit the TON page or swap TON to USDT.
Questions
Can I receive TON from a swap in Telegram's Wallet?
Check that wallet's deposit screen first. Custodial wallets inside apps may ask for a comment or may not accept transfers from any source. A self custody TON wallet is the simplest option.
What do UQ and EQ addresses mean?
They are two formats of the same TON address. UQ is the newer, non bounceable format that most wallets now show for receiving. Both point to the same account.
